Cboe Vest Correlations
| KNGYX Fund | USD 12.02 0.02 0.17% |
The current 90-days correlation between Cboe Vest Sp and Artisan Developing World is 0.1 (i.e., Average diversification). The correlation of Cboe Vest is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.
Cboe Vest Correlation With Market
Poor diversification
The correlation between Cboe Vest Sp and DJI is 0.6 (i.e., Poor diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Cboe Vest Sp and DJI in the same portfolio, assuming nothing else is changed.
Cboe |
Moving together with Cboe Mutual Fund
| 0.76 | KNGAX | Cboe Vest Sp | PairCorr |
| 1.0 | KNGCX | Cboe Vest Sp | PairCorr |
| 0.97 | KNGIX | Cboe Vest Sp | PairCorr |
| 0.76 | KNGLX | Cboe Vest Sp | PairCorr |
| 0.77 | JEPAX | Jpmorgan Research Equity | PairCorr |
| 0.78 | JEPCX | Jpmorgan Research Equity | PairCorr |
| 0.76 | JEPIX | Jpmorgan Equity Premium | PairCorr |
| 0.86 | GSPKX | Goldman Sachs Equity | PairCorr |
| 0.86 | GVIRX | Goldman Sachs Equity | PairCorr |
| 0.86 | GSPAX | Goldman Sachs Equity | PairCorr |
| 0.86 | GSPQX | Goldman Sachs Equity | PairCorr |
| 0.86 | GSFPX | Goldman Sachs Equity | PairCorr |
| 0.86 | GIDWX | Goldman Sachs Equity | PairCorr |
| 0.83 | BMCIX | Blackrock High Equity | PairCorr |
| 0.62 | SMPSX | Semiconductor Ultrasector | PairCorr |
Moving against Cboe Mutual Fund
| 0.79 | BURGX | Vest Large Cap Downward Rally | PairCorr |
| 0.69 | ENGRX | Vest Large Cap Downward Rally | PairCorr |
| 0.55 | PCRRX | Commodityrealreturn | PairCorr |
| 0.37 | XDCFX | Dreyfus Alcentra Global | PairCorr |
Related Correlations Analysis
| Click cells to compare fundamentals | Check Volatility | Backtest Portfolio |
Correlation Matchups
Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.High positive correlations
| High negative correlations
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Risk-Adjusted Indicators
There is a big difference between Cboe Mutual Fund performing well and Cboe Vest Mutual Fund doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Cboe Vest's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| ARTYX | 0.78 | (0.04) | 0.00 | (0.17) | 0.00 | 1.37 | 4.86 | |||
| SPMIX | 0.84 | (0.11) | 0.00 | (0.19) | 0.00 | 1.45 | 12.47 | |||
| FWOKX | 0.60 | (0.09) | 0.00 | (0.39) | 0.00 | 1.15 | 3.58 | |||
| USMIX | 0.95 | (0.14) | 0.00 | (0.21) | 0.00 | 1.61 | 15.54 | |||
| ZEMIX | 0.66 | (0.07) | 0.00 | (0.27) | 0.00 | 1.35 | 4.24 | |||
| JDJRX | 0.40 | 0.04 | 0.04 | 1.64 | 0.39 | 0.88 | 2.00 | |||
| PACEX | 0.13 | (0.01) | 0.00 | (0.71) | 0.00 | 0.33 | 0.98 |